Bullish vs. Bearish (225 opinions)
Social Sentiment 0.10
AMZN Forecast and Technical Stock Analysis
Sell candidate since 2019-11-13 Loss -1.05% PDF
Amazon.com fell by -0.62% in the last day ( Thursday, 21st Nov 2019 ) from $1 745.53 to $1 734.71 and has now fallen 3 days in a row. During the day the stock fluctuated 0.95% from a day low at $1 730.36 to a day high of $1 746.87. The price has fallen in 6 of the last 10 days and is down by -2.99% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.15 million shares and in total 2.54 million shares bought and sold for approximately $4 409.00 million.
- 30 day high of the AMZN stock price was $1 815.06 and low was $1 695.00.
- 90 day high was $1 853.66 and low was $1 685.06.
- 52 week high for Amazon.com - $2 035.80 and low - $1 307.00.
Amazon.com lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.07% during the next 3 months and, with 90% probability hold a price between $1 651.46 and $1 776.10 at the end of this period.
There are few to none technical positive signals at the moment. Amazon.com holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $1 747.54 and $1 762.30. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday November 04, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 27 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Amazon.com finds support from accumulated volume at $1 725.45.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $16.51 (0.95%) between high and low. For the last week, the stock has had daily average volatility of 1.41%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
1.41 %Average volatility
Very Low Low Medium High Very High
Amazon.com holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
The general sentiment holds a neutral evaluation of the stock right now. The sentiment is based upon 182 votes on StockTwits.
|AMZN $1 734.71 ($-10.82 -0.62%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!